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Tellus Resources provides update on its Cooper Basin JV


Published Oct 21, 2014
Cooper Basin-2

Tellus Resources Ltd provide the following update on its Cooper Basin JV with Senex Energy Ltd (Senex). As advised previously, the Company’s Cooper Basin exploration interests have now been converted to three Petroleum Retention Licences viz : PRL 108, 109 and 110 (map attached).

The Operator of the JV (Senex) was to drill a well in the Permit by 30 September 2014 as part of a farmin agreement announced previously.

The parties have agreed that the expenditure be used in extra 3D seismic (approximately 50 km2) and 3D seismic reprocessing; with the potential to complete and production test the Pirie 1 exploration well previously cased and suspended.

Tags: Tellus Resources Ltd




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